AEterna Zentaris Inc. (AEZS)

[bullforever]

I am not sure if I will re-enter or not after B warrant finished.

I would like to take the risk for phase 3, but I disappoint the management. I am sure the CEO and CFO did not understand the cashless B warrant. So, they were fooled by institutions who bought the public offering. AEZS sold public offering for $35M, the institution will make at least $70M from the public offering with the cost of AEZS retail investors.

Let's calculate:

The institutions bought AEZS at $0.62 for the offering and immediately sold it at $0.62. They get their money back.

Then 200% cashless B warrant calculation to get free shares based on stock price. So, they get 200% more profit for their original payment, total $70M profit. A warrant can also get cashless shares of 0.75 for each public offering shares.

So, the institution finally get $1.24 net profit and 0.75 free shares for each public offering share from this deal.

So, I read many people who did not join this deal will sue the management for damaging shareholder value.

What a fool management